+ DONOR ADVISED FUND GUIDELINES >>
Anyone can make tax-deductible charitable contributions to your fund. Contributions are tax-deductible for the donor and must meet the criteria outlined in the Program Description and Guidelines.
You can designate one or more charitable organizations as charitable beneficiaries. Or, you can distribute the account’s assets in perpetuity in your name. If you don’t select either option, iGiftFund will annually distribute 5% of your account’s balance to the charitable organizations that reasonably best matches your grant history and intent.
Yes. You will receive a written confirmation of your contribution(s). This confirmation serves as a receipt for your taxes. It will also be available in your DonorView portal.
You must file Form 8283, with iGiftFund’s signed acknowledgement, if the amount of your deduction for all noncash gifts is more than $5,000 (except certain publicly traded securities). Blank forms and instructions can be obtained from the IRS website through this link. If iGiftFund disposes of those assets within three years of the date of your contribution, iGiftFund will prepare Form 8282 and submit it to the IRS.
Yes, but typically the transfer will trigger a taxable event. Consult your tax advisor first.
Yes, you can donate your traditional IRA, 401(k), and some other tax-deferred assets to a donor advised fund account upon death by way of a beneficiary designation.
